Government Fiscal Year 2024 Usa. They are important for accounting purposes because they are used in federal tax filings. The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027.
Alan auerbach and william gale analyze the federal budget outlook, finding that the debt to gdp ratio will rise to 211% by 2054 under current policy. Spending explorer lets you explore the federal spending landscape through the lens of three accounting categories: